You may think that the current stock market swoon has to do with the economy slowing, the messy aftermath of the debt ceiling crisis, or disappointing job numbers.
But I know for a fact that that’s not it.
It was me.
“Ross Kaplan, Contrarian Indicator”
Two weeks ago, I took a maturing CD from my bank, which deigned to pay me .016% for the privilege of parking my (modest) deposit there, and switched into a broad-based, stock market index fund.
Sorry about that.
At least I’m taking responsibility.